Market News Top 10 News Tata Wins Bid to Buy Air India For Rs 18,000 crore – Top Indian Market News Tata wins bid to buy Air India for Rs 18,000 crore The Centre has declared Tata Group as the winning bidder for debt-laden national carrier Air India. Tata will pay Rs 18,000 crore to acquire Air India from the government, of which 15% would go to the Centre and the rest will go towards clearing […] Written by Cherian Varghese October 8, 2021October 8, 2021
Market News Top 10 News Taliban Disrupts India-Afghanistan Trade – Top Indian Market News Taliban Halts India-Afghanistan Trade Federation of Indian Export Organisation (FIEO) has said that the Taliban has disrupted its import-export with India. Afghanistan’s trade with India takes place through a transit route in Pakistan. Since the Taliban has stopped the movement of cargo across Pakistan, it means that trade with India also stands disrupted. According to […] Written by Maarg Vaidya August 19, 2021August 19, 2021
Editorial The Great Indian Stock Market Bubble The Indian stock market is in a bubble. Markets crashed frightfully in March 2020 in a matter of days due to Covid-induced lockdowns that were imposed around the world. However, things escalated quickly when SENSEX and NIFTY, the two important benchmark indices, hit their all-time high in less than a year’s time. When one looks […] Written by Maarg Vaidya July 30, 2021July 30, 2021
Market News Top 10 News Bank NPAs Could Rise To 9.8% in March 2022, says RBI – Top Indian Market News Bank NPAs could rise to 9.8% in March 2022, says RBI The Reserve Bank of India (RBI) has said in its Financial Stability Report that Non-Performing Assets (NPA) at Scheduled Commercial Banks (SCBs) could rise to anywhere between 9.8% to 11.2% by March 2022. The Gross NPA ratio for SCBs stood at 7.4% in March […] Written by Cherian Varghese July 2, 2021July 2, 2021
Market News Top 10 News Kalyan Jewellers Reports 54% YoY Rise in Net Profit in Q4 – Top Indian Market News Kalyan Jewellers Q4 Results: Net profit rises 54% YoY to Rs 74 crore Kalyan Jewellers reported a 54% YoY increase in consolidated net profit to Rs 73.9 crore for the quarter ended March (Q4). Its revenue from operations rose 42.78% YoY to Rs 3,050.60 crore during the same period. For the financial year ended March […] Written by Cherian Varghese May 27, 2021May 27, 2021
Editorial Banks Q4 Results, NPA Bomb and More… In November 2020, we at marketfeed talked of an NPA or Non-Performing Asset time bomb which might go off around this time, sending banks into a pool of bad quarterly results. You can check out the article over here. During the first wave of COVID-19, when businesses took a hit, the Supreme Court had asked […] Written by Maarg Vaidya May 6, 2021May 6, 2021
Editorial Explained: RBI Governor Shaktikanta Das’s Speech The Reserve Bank of India(RBI) Governor Shaktikanta Das’s speech yesterday came as a shock since it was at such short notice. While things around the country seem gloomy, the announcements made by the RBI Governor were a ray of sunshine. This is not only for the small and medium enterprises that have suffered due to […] Written by Maarg Vaidya May 6, 2021May 6, 2021
Editorial What are New Umbrella Entities? Why are Tata to Reliance Interested in it? As India moves towards building an extensive digital society, there is a requirement for multiple players to be involved. The RBI has run many experiments in the digital payments space in India, including licensing exclusive payments banks and setting up white-label ATMs. They have now come up with a new concept— New Umbrella Entities, which […] Written by Cherian Varghese April 3, 2021April 3, 2021
Market News Top 10 News SEBI Slaps Rs 1 crore Fine On HDFC Bank – Top Indian Market News SEBI imposes Rs 1 crore penalty on HDFC Bank in BRH Wealth Kreators case SEBI imposed a penalty of Rs 1 crore on HDFC Bank for invoking securities pledged by stockbroker BRH Wealth Kreators, in violation of the regulator’s interim directions. The bank has also been directed to transfer Rs 158.68 crore along with 7% […] Written by Cherian Varghese January 21, 2021January 21, 2021
Trending Reliance Loses Crown To HDFC Bank in the NIFTY 50 In other news, Reliance Industries Limited (RIL) has lost its position to HDFC Bank in terms of weightage in the NIFTY 50. HDFC Bank stocks have been rallying despite an RBI report on a possible spike in Gross NPAs. What led to the events? Let’s find out. Written by Maarg Vaidya January 13, 2021January 13, 2021
Editorial Ex-RBI Governor’s Warning on RBI Report Explained The Internal Working Group's suggestion of allowing large corporates to enter India's banking sector has been termed as a 'very bad idea'. Find out the concerns put forth by our former RBI Governor, as well as S&P Global Ratings on how such a move could harm India's banking sector. Written by Cherian Varghese December 1, 2020December 1, 2020
Market News Top 10 News Apple Contract Manufacturer to invest Rs.1100 crores in India – Top Indian Market News Apple Contract Manufacturer to invest Rs.1100 crores in India Apple’s second-largest contract manufacturer, Pegatron, has approved an initial investment of Rs 1,100 crore to set up manufacturing facilities in India. It is expected to begin operations by the end of next year. Apart from Pegatron, the other two manufacturers Foxconn and Wistron have already set […] Written by Maarg Vaidya November 23, 2020November 23, 2020
TATA Takes Back Air India. What’s Next? On October 8, Puhin Kent Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM) announced that Tata Sons had won the bid for debt-laden Air India. The news has taken the aviation industry by storm. The airline has returned to the Tata Group after 68 years! In this editorial, we dive into […] Written by Anand P M October 11, 2021October 11, 2021
Analysing a $13 Billion Business Empire: JSW Group Since its inception around 39 years ago, the JSW Group has become one of the most respectable and fastest-growing conglomerates in the world. The $13 billion (~Rs 97.250 crore) business empire operates one of the leading steel companies in India. It even owns some of our favourite sports teams. In today’s article, learn more about […] Written by Cherian Varghese October 8, 2021October 8, 2021
OYO Rooms Files For IPO: Pre-IPO Review Oravel Stays Limited, popularly known as OYO Rooms, has filed its Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI). The papers filed by OYO are not final and give only insight into its intention, business model, and the challenges it faces before the IPO. The loss-making company with a […] Written by Maarg Vaidya October 7, 2021October 7, 2021
